Alpha Dhabi Holding (ADH) has announced its decision to divest 49% of its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment and holding company. Under the terms of the agreement, Alpha Dhabi Holding will retain a majority 51% shareholding in ADCH, underscoring its steadfast commitment to the construction industry in a […]
Deal & transactions
Transport
United Arab Emirates
Mubadala’s Sanad Extends Partnership with Asiana Airlines
Sanad, a global aerospace engineering and leasing solutions provider under Abu Dhabi’s Mubadala Investment Company (Mubadala), has strengthened its collaboration with Asiana Airlines, South Korea’s second-largest airline, through a five-year contract extension valued
Banking & Finance
Competition & Antitrust
Healthcare, Pharma & Life Sciences
United Arab Emirates
Eversheds Advises on DIB’s Resolution with NMC Healthcare
Eversheds Sutherland has provided legal counsel to Dubai Islamic Bank (DIB), one of the leading Islamic banks in the UAE, in reaching a comprehensive settlement with NMC Healthcare group (NMC), a prominent integrated private healthcare
In a joint announcement, Allen & Overy and Shearman & Sterling have revealed the inaugural partner promotions for the merged entity, A&O Shearman. A total of 40 partners have been appointed to the partnership
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Olayan and Lunate Acquire Stakes in ICD Brookfield Place
In a significant move in the realm of real estate investment, the Investment Corporation of Dubai (ICD) and Brookfield Corporation have announced an agreement with Olayan Financing Company and Lunate for the sale of a 49
Deal & transactions
Education
Energy & Trading
United Arab Emirates
NYUAD and Dolphin Energy Forge Partnership for Sustainability
Dolphin Energy and New York University Abu Dhabi (NYUAD) have forged a groundbreaking agreement, in a bid to bolster sustainability and climate change research. This partnership aims to elevate environmental stewardship and empower
Commercial Bank International (CBI), a prominent corporate and retail bank based in Dubai, has announced a strategic investment in zypl.ai, a fintech startup at the forefront of applying generative AI in lending practices. This
Banking & Finance
Deal & transactions
United Arab Emirates
ADIO and Dustour Marine: Boosting Maritime Tourism in Abu Dhabi
Abu Dhabi Investment Office (ADIO) has entered into a strategic partnership with Dustour Marine Wooden Boats Trading Establishment to spearhead a groundbreaking project aimed at bolstering the Emirate’s coastal development and fostering maritime tourism.
Beeah, a leader in sustainability solutions, announces the development of an “AI Executive.” This groundbreaking initiative underscores Beeah’s commitment to driving agility, efficiency, and data-driven operations. The “AI Executive” is poised to simplify complex
Dubai Aerospace Enterprise (DAE), a prominent global aviation services company, has finalized a AED 2.75 billion (US$750 million) 5-year unsecured term loan agreement with Emirates NBD Bank (ENBD). The funds from this loan will be utilized
